Where Innovation Meets Imagination
LG Electronics to establish an artificial intelligence research laboratory in partnership with the University of Toronto, in Canada.
The company says the new facility is an expansion of its AI research and development work in North America.
LG already has an AI lab in Silicon Valley, in the US. The company says it is a multimillion-dollar, long-term commitment. [Read more…] about LG Electronics to establish AI lab in Canada
Groupe PSA and Inria are creating an OpenLab dedicated to artificial intelligence. The studied areas will include autonomous and intelligent vehicles, mobility services, manufacturing, design development tools, design, digital marketing as well as quality and finance.
Carla Gohin, Groupe PSA’s Vice President for Research and Advanced Engineering, said: “Artificial intelligence will quickly become an efficiency factor for the group. The OpenLab will work on artificial intelligence algorithms enabling autonomous vehicles to drive in complex environments for example.
“It will also work on predictive maintenance, powertrain design optimisation and the modelling of complex systems such as cities, to offer mobility services adapted to people’s needs.”
[Read more…] about Groupe PSA and Inria create an artificial intelligence OpenLab
Festo has bought IT enterprise company Resolto Informatik GmbH, which offers solutions including high-performance artificial intelligence for real-time applications in industrial companies.
Resolto solutions allow data to be interpreted in the field, and in close proximity to machines. This makes it possible to save energy, shorten cycle times, decrease the number of machine failures and minimise production scrap rates.
“We’ve been able to gain a leading company in the field of artificial intelligence for industry applications with Resolto”, said Dr Frank Melzer, Member of the Management Board Product and Technology Management at Festo.
Denso, one of the world’s largest automotive suppliers, announced a significant investment in startup company ActiveScaler, a developer of Managed MaaS (Mobility-as-a-Service) systems powered by artificial intelligence.
Denso’s investment will help expand ActiveScaler’s platform and technologies, which simplify and better customize shared mobility experiences. The agreement also will help accelerate deployment of Managed MaaS systems for leading mobility operators and fleet service providers.
With the increase in global demand for more scalable and efficient services for moving people and goods, ActiveScaler says its technology will help enhance growth and simplify implementation with a modular set of components that enable mobility service providers and fleet managers to tailor MaaS solutions to their specific business needs. [Read more…] about Denso invests in AI fleet management technology company ActiveScaler
Artificial intelligence and robotics stocks are performing better than many other investments on the stock market, according to a report on CNBC.
The website says robotics and AI stocks are “crushing” the old economy and is up by 30 per cent compared with under 10 per cent for other stocks.
In particular, the Global X Robotics and Artificial Intelligence ETF (BOTZ) and the ROBO Global Robotics and Automation Index (ROBO) have done well. [Read more…] about AI and robotics stocks outperforming other shares on markets
Brain Corp, an artificial intelligence company specializing in the development of self-driving technology for robots, has raised $114 million in a Series C funding round led by the SoftBank Vision Fund.
Brain has developed AI and self-driving technology to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.
The investment will be used to further develop AI technology and create brains for multiple types of commercial and consumer robots. [Read more…] about Brain Corp raises $114 million to develop self-driving technology for robots
Despite an endless stream of stories in the media warning of humanity’s impending irrelevance in an automated future, it seems American workers remain rather blasé about the prospect of being automated out of existence in the workplace.
New research by Randstad US contradicts many reports that American workers fear losing their job due to automation.
The 2017 Randstad Employer Brand Research found that only 14 percent of US employees worry that automation will take their job away, and nearly one-third (30 per cent) say they think automation will make their job better. [Read more…] about American workers sleepwalking into automated obscurity, says new report
A burger-flipping robot developed by Cali Group and Miso Robotics has received $3.1 million in financing from strategic investors including Acacia Research and Match Robotics. (See video below.)
Miso was co-founded and funded by Cali Group, which owns the Caliburger chain of fast food restaurants across the US. The company is currently specialising in automation for the catering industry.
The burger-flipping robot has been named “Flippy”, appropriately enough, and was the first robotic product developed by Miso, and the company has since developed numerous automation applications for the robot, including preparation, grilling, frying, and so on. [Read more…] about CaliBurger’s ‘Flippy’ robot gets $3 million to flip burgers
Harman International, a design and engineering company which supplies a range of products and services to automotive companies, has introduced a new artificial intelligence system into its company.
The AI system, Sherlock, is described as a “virtual colleague” for Harman employees, and is said to have completely redefined the innovation management workflow in some of the company’s divisions.
Armin Prommersberger, senior vice president technology, lifestyle audio division, at Harman, says Sherlock offers a level of insight into the business that would be impossible to gain without it. [Read more…] about Harman introduces Sherlock AI system to help its designers and engineers find and put things together more quickly
The World Economic Forum, the global nonprofit foundation whose annual meeting in Davos is attended by global leaders from business and politics, has published a list of companies which it considers to be the most pioneering in the field of technology.
In publishing its Technology Pioneers 2017 list, WEF has chosen 30 different companies to highlight from a variety of industries including biotechnology, agriculture, energy, transport, as well as a number of companies from the robotics and automation sector.
One of them is Horizon Robotics, a Chinese company which develops computer infrastructure to enable artificial intelligence computing and real-time decision-making, mainly aimed at enhancing self-driving vehicle safety. [Read more…] about World Economic Forum selects robotics and automation companies in its ‘Technology Pioneers 2017’ list
